I received $114.08 in taxable January 2020 dividend income. This is usually one of my lower months of the quarter, so I’m happy to get over the $100/month benchmark! DIS helped with that, and only pays twice per year, so April will be a bit lower (but still hopefully over that $100 mark!).
Ouch! For a “dividend growth” portfolio, this is pretty weak! My only consolation is that December was a good month, and I have high hopes for March/April this year.
Disney surprised everyone by freezing their dividend. They usually hike it at this time of year, but chose not to this year. The disappointment is offset by Disney’s stellar performance lately. This is a company I want to hold forever, even if their dividend increase streak ends (currently at 9 years). They can also still preserve their streak if they increase it in six months. I’m personally loving their streaming service. All in all, I trust Disney regardless of what they do with their dividend.
I’d have to invest a measly $72 at my portfolio’s average yield of 2.01% to generate $1.44 more in annual income. :/
Forward Dividend Income
If you squint hard enough, you can see my Jan 2020 progress. Weak month for me (actively and passively). I only got one increase from EMN, and my contributions went toward my Roth IRA this month instead of my taxable account. This chart only shows my taxable progression.
I’ll hope for a bit more in February, but it might be a similar lack of activity. I still have $3k until I max my 2020 Roth IRA, and I actually just splurged on a big trip to New Zealand – totally worth it!
Purchases – VTI, AWR
Purchased 1 share of Vanguard Total Stock Market (VTI) @ $164.12/share
Can’t break my recent VTI addiction! Luckily, this is one of my biggest vices. I’m happy to build a bit of a cushion in my 50/50 goal (individual vs etf holdings).
Purchased 1 share of American States Water @ $86.42/share
AWR had been on my watchlist for maybe two years. I finally started my own holding last November, and fully intend on adding to it slowly and in chunks this year. I’d like it to be in my top 15 holdings.
Head on over to my portfolio page if you’d like to see what companies pay me in other months!